An import quota of quantity __________ would have the same effect on consumer surplus in Malta, as $1 the tariff given above

Refer to the following table for the next three questions:   Potions Spells Harry 2 lbs per hour 25 spells per hour Hermione 10 lbs per hour 1000 spells per hour

Monica is considering whether she should buy the new iPhone that is now on sale. She is willing to pay $900 dollars for the iPhone. If Monica is a rational agent, under which of the following conditions will she choose to buy? (i) The dollar value of the phone is $850. (ii) The dollar value of the phone is $950. (iii) The dollar value of the phone is $899.

What is the change in Malta’s total surplus from opening up to trade with the rest of the world?

What is consumer surplus in the market?

Refer to the following table for questions 9-10. Reservation Prices and Costs in a small market for AI Chips Name of Consumer Reservation Price for 1 AI Chip (dollars)   Name of Seller Reservation Price for 1 AI Chip (dollars)  Alice 9   Apples 1 Ben 8   Bell 2 Carol 7   Chrome 3 Daniel 6   Dell 4 Ellen 5   Envy 5 Francis 4   Frost 6 Gwen 3   Groove 7 Hugo 2   HP 8 Ivonne 1   Intel 9 Jaimie 0   Jolt 10

What is producer surplus in this market?

How much does the government collect in tax revenue?

Consider once again the Computer industry. Suppose the price of an input increases, and as a consequence, Qcomputers decreases while PComputers remains unchanged. Which of the following is a possible explanation for why this happened?

After six-year-old Samantha’s baby brother was born, she started to have temper tantrums the way she had when she was two. This may be a case of what?